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Search Results 0 to 49 of about 111 (some duplicates have been removed)
MSNBC
Dec 31, 2012 5:00am PST
yesterday to win the nfc east. maybe rg3 can negotiate the fiscal cliff next. we'll be right back with more on "morning joe." humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? ♪ >>> all right, there were some sports events that happened over the weekend, and -- >> one or two. >> -- i'm going to toss this to michael steele, who loves the redskins, and they made the playoffs, michael. >> absolutely. hail to the redskins. rg3, alfred morris, boy, they knocked it out of the park. and look, the washington guys like biden and mcconnell can learn something from this, you know? when the quarterback is down, maybe you get a little tailback like alfred morris to come in and help you out, and that's what he did for the skins. awesome game last night. >> all right. ed rendell, i guess we've got rookie qu
ABC
Dec 30, 2012 11:35pm EST
. when the new congress is sworn in, and that means we're going over the fiscal cliff. unless we get something substantial in the next 24 hours, we will be going over the cliff. tax increases and on everybody. the defense cuts are not start until january 20. most americans are trying to tonight, come their paycheck, will this impact them? it does not create any 74 small-business owners. -- for small business small-business owners. know what is going to happen right now. the answer and is affecting the markets, the small-business market. >> secretary clinton is in the hospital, and other help set back for her. couple of weeks ago, she had suffered a concussn. in the course of a medical treatment, they manage to find a blood clot. very serious business. she has been hospitalized and treated for it. you for the update. she is in new york presbyterian hospital tonight. > if rg3 >> many remember to -- continue remember the life of an american hero. schwarzkopf was known for commanding operation desert storm. >> in 1990, norman schwarzkopf a little-known u.s. army general. a west point graduate and officer for his vietnam, he
WETA
Dec 31, 2012 6:00pm EST
-date with the fiscal cliff situation over the next few hours. we showed you athens a few minutes ago and the fireworks displays around the world have been heralding the start of the new year. north korea has joined other countries in having a pyrotechnics display. australia, china and russia are well into 2013. we are tracking the celebrations. >> residents in samoa were among the first to welcome 2013. these to be the last but a year ago, they jumped to the west of the international dateline. the spectacular start to the new year came in sydney harbour, launched by the australian superstar, kiley been no good. -- kylie minogue. 7 tons of fireworks filled the air above sydney harbour bridge. this city's style is rather different. john yang has held what for help -- it's believed to be the first public new year celebration in north korea. burma has joined the global party. ♪ >> the end of the year would not be complete without the viral pop hit, "gangnam style" being performed with great enthusiasm. while hong kong celebrate with a virtuous so show over victoria harbor. fireworks li
MSNBC
Dec 31, 2012 6:00am PST
too small. >>> while congress has been arguing over the fiscal cliff, the next big battle has already arrived. treasury secretary tim geithner says government borrowing hits the debt ceiling today. with me now, former new hampshire republican senator judd gregg. he's currently co-chairman of the campaign to fix the debt. senator, let's -- i want to start 50,000 feet, and we'll move down closer to ground level, but as a former member of the senate, we've now had two grand bargains, one around the debt ceiling, one around the fiscal cliff, seemingly, well, on the debt ceiling definitely, and on this one, seemingly fall apart. now that you're on the outside, are people right to be skeptical that congress can do anything? i hesitate to say big. even medium in terms of addressing our debt and spending problems? >> oh, they're absolutely correct in being skeptical, but congress can act. it has acted in the past. regrettably, it usually acts in crisis. for example, during the financial meltdown, when the entire banking system of our nation would have collapsed, congress did act. and we've ac
LINKTV
Dec 30, 2012 4:00pm PST
next year. the big concern over falling off the fiscal cliff is it will send the u.s. back into a recession with, of course, global repercussions. it could be weeks before anyone feels the effects. and analysts say even without an agreement, politicians can reach other deals to soften the impact. >> u.s. president barack obama making a rare appearance on one of u.s. tv's agenda-setting sunday shows. he appealed to politicians of both parties not to let the u.s. go off the so-called fiscal cliff. the budget crisis, some kay -- say could tip the u.s. into recession dragging the rest of the world with it. >> over the next 48 hours, regardless of partisan differences our top priority has to be that taxes on middle class families do not go up. that would hurt our economy badly. we can get that done. democrats and republicans both say they don't want taxes to go up on middle class families. that's something we all agree on. if we can get that done, that takes a big bite out of the fiscal cliff. it avoids the worst outcomes. >> in the upper house, the senate, sunday the leadership of bot
MSNBC
Dec 31, 2012 4:00am PST
over the fiscal cliff, which would happen at midnight tonight, would shrink the u.s. economy next year by a half a percent. unemployment would rise to 9.1%. the bush-era tax cuts would expire, hiking taxes in every bracket by an average of $3,400. americans making between $40,000 to $50,000 a year would see $1,700 in tax increases. millionaires would pay, on average, another $254,000, or about 11% of their income. 30 million more americans will have to pay the amt, the alternative minimum tax, originally designed to impact high-income earners. the payroll tax holiday which helped workers save about $1,000 a year will also end. tax credits from the 2009 stimulus bill will run out as well as several corporate tax breaks that need to be extended on a regular basis. overall, that is more than $550 billion in tax breaks set to expire. but that's only part of it. there's also a series of spending cuts that will also be triggered by the fiscal cliff. $1.2 trillion in sequestration will kick in beginning january 2nd. next year alone, $109 billion will be slashed. half from the defense budget a
CW
Dec 31, 2012 12:00pm CST
much this fiscal cliff falloff will affect your next pay check, had to this web site. half a bill to legalize same sex marriage in illinois could come before state lawmakers in springfield as soon as this week. a white house spokesman tells the chicago sun-times, president obama is urging lawmakers to approve the "religious freedom and marriage fairness act". the spokesman says if the president were still in the legislature, he would support a measure to treat all couples equally. illinois passed a law approving civil unions for same sex couples in june of last year. if you're going out to celebrate tonight. the c-t-a is offering you a safe ride home for a penny. this year, the c-t-a is partnering with "miller lite" to provide rides on buses and trains for just one cent. penny fares begin at 10 p-m tonight. continuing through four a-m on new year's day. >> they are erupting with tons of exploding fireworks as they welcomed in the new year. it was the world's first major celebration for 2013. 7 t of fireworks were set off from rooftops and barges. many of them cascading from the bridg
CNN
Dec 31, 2012 11:00am PST
much, sanjay. >>> more on our special coverage of the fast moving negotiations over the fiscal cliff. up next, hear why one high profile democrat says going over the cliff would be good for the stock market. and your 401(k). check this out.  >>> a compromise on the estate tax may be part of a last minute deal in the fiscal cliff. we're talking about how much money you can leave for your loved ones after you die. republicans want to extend the current estate tax that tops out at 35% and affects the states. the outline of the deal that just has been floated together would set the estate tax at 40% and the threshold at $5 million. let's bring christine romans in to make sense out of all of this. what do the numbers mean to real people? >> what it means, it is a victory politically for republicans and it means many republicans have said for a small business owner, small family farmers, people who have worked hard and amassed an estate, it means that they won't have to pay much more than they currently do for an estate tax. this is a true compromise here. because this is what you have n
FOX Business
Dec 31, 2012 6:00pm EST
down the road. when we come back, going over the fiscal cliff or not is one of the many issues facing the market. what should you expect to happen with your money? our debate is next. plus, your reaction. ♪ music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. inrmation on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i ner missed a beat. we're more than 78,000 people loong out for more than 70 million americans. that's health in numbers. unitedhealthcare. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a prective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. relieving the pain quickly. [girls laugh, bell rings] - whever. - he asked me right before school started. - no way! - hi. - hi. - ♪ shine, come on and let it shine ♪ ♪ light me up-- - hi. gerri: you're looking at live pictures. later tonight they may vote on of this cliff p
MSNBC
Dec 30, 2012 5:00pm PST
does reach a small deal on taxes before the fiscal cliff deadlines up, their next fight over the dead ceiling will be queued up and ready to go. whether or not we go over the fiscal cliff tomorrow night, a political stand-off over the debt ceiling is imminent. joining us sort through all of this current and future fiscal crises is ezra klein. at "the washington post" as well as columnist for bloomberg view. thanks for joining us. you addressed the issue of what happens next, i saw you on rachel's show friday. your theory are it's key to how the fiscal cliff plays out. explain. >> there's a significant difference of opinion in the political ramification of what happens if we go over and it comes down debt ceiling. if we go over the fiscal cliff they have all of the leverage because we'll go into the debt ceiling and it will be just like 2011 again. they'll say we're not going to raise the debt ceiling unless you cut entitlements, barack obama will say no and terrified of consequences of national default he'll say yes. so they'll get all of the entitlement cuts with no tax increase
NBC
Dec 31, 2012 6:00pm EST
go over the fiscal cliff. researchers estimate maryland will lose millions in federal funding next year, money already in the state budget. an october report also estimates 53,000 full and part- time jobs would be lost in 2013. the state would lose about $268 million in 2013 and more in 2014. one economist says to make up for the shortfall, the they would have to reallocate spending and make cuts. >> raise the threshold for any kind of aid. it will be a challenge for those making ends meet. >> middle-class family could also in up paying more taxes because of the alternative minimum tax rate. stay with us as we continue to monitor the final hours of negotiations on air and on line. we'll have all the late breaking coverage and also a special section on our website that explains the situation in greater detail. just had to wbaltv.com. >> it new regulations are on the way about access to guns for the mentally ill. we have advanced details tonight. jayne miller is live in the newsroom. >> the task force will recommend a step sure to generate a lot of debate, taking guns away from people in
FOX Business
Dec 31, 2012 1:00pm EST
. a very happy new year to you, as well. >> thank you. same to you. ashley: the fiscal cliff is the big story. that is not the only thing that could mean major changes for you and your wallet next year. changes for healthcare. that is coming up next. shibani: we are also waiting for the president's remarks live from the white house. we will bring them to you live. ♪ droid dna augmentation initiated. vision expanding to a 5-inch 1080p hd display and camera. touch acquiring nfc. hearing evolng with beats audio. wireless charging activated. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. the 952013 kicks off, affordable care act will be front and center. we know there will be an eventful year. what are some of the biggest things we need to keep an eye on >> the biggest thing is the affordable care act. the obama administration sees this as the key here for getting it implemented. there is a problem with that, though. most of the governors do not want to participate. ashley: if they do not participate, does that mean the federal government comes in and takes over? >> that is exactly what it means. the federal government comes in and does i
CNBC
Dec 31, 2012 1:00pm EST
constituent, if you can't come together and form a deal to get us over the fiscal cliff, then the next debate is the debt ceiling debate. how. >> it is very contentious. the president is right, we shouldn't play that game. up until last year we never did play that game. that is essentially butting a g put /* putting a gun to the head of the economy. we can't hold the nation hostage every time we go through this. i think we do need a longer term deal that agreeses the structural problems. >> congressman, we will let you get back to work. >> sue, tense times for many. down here on floor of the nyse, taking a break to remember some of the traditions here on the floor on new year's eve. let's get over it mary thompson. >> hey, simon, before we do, a quick market update. popping an retreating after the announcement of the statement president obama will make at 1:30. can you vietnam action in the dow industrials. caterpillar and ge suggesting return. the indication moving to session lows today. these are the groups where the enclave right now. now, i will turn it over to jim and the rest of the tra
MSNBC
Dec 31, 2012 3:00am PST
fiscal cliff? >> well, i think we're going to find out in the next 48 hours what congress decides to do. but i think it's important for the american people to understand exactly what this fiscal cliff is. because it's actually not that complicated. the tax cuts that were introduced in 2001, 2003, 2010, those were extended, and they're all about to expire at the end of the year. so on midnight, december 31st, if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income. for the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which means that they're less likely to hire, and the whole economy could slow down at a time when the economy's starting to pick up and we're seeing signs of recovery in housing and employment numbers improving. and so what congress needs to do, first and foremost, is to prevent taxes from going up for the vast majority of americans. and this was a major topic of discussion throughout the campaign. what i sa
ABC
Dec 31, 2012 4:00am EST
medication over the next several hours. >>> and to or other major story, the looming fiscal cliff. lawmakers worked through the night to try to reach an agreement. >> without a deal, taxes are set to go up for just about every american. tahman bradley joins usy washington with more on the stalemate. >> reporter: john and paula, good morning. if there is no breakthrough today, the country will go over the cliff. talks continue but this morning, there is still no deal. >> we'll have further announcements, perhaps, at 11:00 in the morning. i certainly hope so. >> reporter: republicans and democrats negotiated all week wednesday the hope of passing legislation to protect most people from massive tax hike. >> our top priority has to be to make sure that taxes on middle class families do not go up that would hurt our economy badly. >> reporter: there was optimism over a deal over the weekend. that ended when harry reid said he could not present a counterproposal. mcconnell phoned for help. >> i placed a call to the vice president to see if he could help jump start the ne fwoesh united n
CNN
Dec 31, 2012 1:00am PST
in the hospital right now with a blood clot. we've been talking about the fiscal cliff, as you heard, as you heard ryan hlizza say, there's no agreement yet, and not a lot of time left. the latest on both, next. >>> getting close to the bottom of the hour, we want to get you a look at the headlines right now. secretary of state hillary clinton has been hospitalized, this after doctors discovered a blood clot. the former first lady had been cleared to go back to work when doctors made the discovery. she suffered a concussion after fainting a couple weeks ago. she had a nasty stomach virus and collapsed from dehydration. we have a live report coming up in just a couple minutes here on cnn. >>> the other big story is the action or inaction on capitol hill. if lawmakers do not reach a fiscal cliff agreement, you could see your taxes skyrocket and deep spending cuts kick in. major sticking points, entitlements and tax increases. house republicans have ended their meetings for the night. we'll find out tomorrow whether vice president joe biden and mitch mcconnell have made any progress in their talks. any deal would have to get enough votes to pass the senate and the house. >>> president obama says sandy hook
CNBC
Dec 31, 2012 2:00pm EST
our show. >> thanks you. >> in case you are haven't noticed, we are following the fiscal cliff down to the wire. no early partying for us. i will be hosting a party with kelly evans. a big night with a lot of developments. please tune in. >> next, fiscal cliff will have a major effect on america's manufacturers. we will talk to two ceos, nation's backbone is bracing for this impact. >> later on, there were big stock winners this year. but should you buy those studs or take a flyer and go with the duds? we will debate it coming up. i wasn't pointing alt at you. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. >>> now we do go over the cliff and let's hope we get a deal for the last minute that we will stop that from happening. the impact will be felt in just about every aspect of the u.s. economy, especially u.s. manufacturing. let's brin
MSNBC
Dec 30, 2012 4:00pm PST
confident that one of two things are going to happen when it comes to the fiscal cliff. number one, we're going to see an agreement in the next 48 hours in which case, middle class taxes will not go up. if that doesn't happen, then democrats in the senate will put a bill on the floor of the senate, and republicans will have to decide if they're going to block it. which will mean that middle class taxes do go up. i don't think they would want to do that politically. but they may end up doing it. and if all else fails, if republicans do in fact decide to block it, so that taxes on middle class families do in fact go up, on january 1st, then we'll come back with a new congress on january 4th, and the first bill that will be introduced on the floor will be to cut taxes on middle class families. and you know, i don't think the average person is going to say, gosh, you know, that's a really partisan agenda on the part of either the president or democrats in congress. i think people will say, that makes sense. because that's what the economy needs right now. so one way or another, we'll get through this. do i wish that things were more
CNN
Dec 30, 2012 4:00pm PST
some pragmatic temporary solutions to get us to the point where we continue go over the fiscal cliff, and he said he's willing to sit down and talk with republicans about a broader deal next year. so that's really -- we have 24 hours here and that's what we need to be focused on right now. >> got you. >> you know, again, the polling that we do scientific and everything i just cited is supported by small business owners across the board which are plurality republican. these are not democratic points of view. these are pragmatic points of view that most small business owners and most americans support. >> i want to make it clear. people watching sometimes hear things and they say that guy must be a democrat. you are a non -- a bipartisan organization that the viewer may not get that and they may think you're coming on and speaking from a democratic point of view and you're speaking from a bipartisan point of view. valerie, what do you need to hear from congress, from washington right now? >> well, frankly, i don't mind if we go over the cliff. i'm all about balancing a budget and gaining a healthy economy. and i would like to see everybody start working in a bipartisan way comin
NBC
Dec 30, 2012 11:30pm EST
had a report about what the impact would be. if we fall off the fiscal cliff. maryland will lose $178 million in funding next year. economists say to make up for it, the state will have to make cuts. >> it will be a challenge to make the ends meet. >> the greater economic impact could be huge hit in sales and income revenue. the state would lose about $268 million in 2013 and another million in 2014. >> small business innovation. these are tied up in those revenues. >> the already struggling job market would take a hit. >> the 53,000 -- the 53,000 jobs is conservative, but other people believed it could be higher. >> a tax is designed to be paid by the rich. if we go over the fiscal cliff, many middle-class families will be paying the tax because maryland is a high income state overall. a lot of people here will be affected. ♪ >> the ravens get to play in the wildest week of the season, literally. >> it is the weekend. they have qualified for it. they are the healthiest since earlier in the season. mostly a game of back up from baltimore. first career touchdown. he is out of georgia tech. out of virginia tech,
MSNBC
Dec 31, 2012 11:00am PST
, up next, how will wall street react if we go off the fiscal cliff? we'll check in with cnbc. >>> plus, who's the most admired woman and man in the world today? we'll tell you who tops gallup's analyst. it is just one of the things we thought you should know. be sure to check out the "news nation" tumblr pictures. really, we went with that one? [ male announcer ] kids grow up in no time... marie callender's turkey breast with stuffing is a great reason to slow down. creamy mash potatoes, homestyle gravy and 320 calories. marie callender's. it's time to savor. mommy's having a french fry. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your daily vegetable servings in every little bottle. >>> the potential agreement that's being talked about would not only make sure the taxes don't go up on middle class families. it also would extend tax credits for families with children. it would extend our tuition tax credit that's helped millions of families pay for college. it would extend tax credits for clean energy company that
FOX Business
Dec 30, 2012 10:00pm EST
really pass. and then we gover the fiscal cliff and i agree that it just kicks the can a little bit further. part of the problem is we have no leadership here. gerri: let's get rich edson back into this. my next question is, what happens next? do we just wait for harry reid and mitch mcconnell to come up with something? when might we have more of these meetings? reporter: senate leaders will meet tonight. carrie reeder says he is suspendi regular business on the senate floor tomorrow so leadership can work on us. they are working on issues and have been for the last couple of days. at that point, sometime sunday morning, they will have to make a decision as whether they got enough vot for they have come up with something that can actually pass the hous and the senate. if that's the deal and they do reach some kd of skeleton or compromise that they can sell the democrats and republicans in the house and senate, they will begin that process once leadership is signed off. the time from then it's a little bit longer when you consider that the house has a rule that any bill must be posted online, it must be public for three days. the senate has a number of procedural hurdles. the senate is strange. you can
FOX Business
Dec 31, 2012 9:20am EST
thing really providing an ali alibi. and even if we saw the fiscal cliff, i don't think that's going to get us out of the woods in terms of the overall economic malaise that we've been in, i think you will likely see the market head lower next year regardless what happens today or over the next few days regarding the fiscal cliff. >> that's interesting. what would you be buying? i know you're a trading kind of guy, you're looking for dips, looking to buy on dips. >> right. >> what would you buy? >> well, there's nothing that i see that's attractive right now. i'm actually short the market and what i would like to see, to tell you the truth, a little rally caused by resolution of the fiscal cliff. there may be some stop gap measure, i think that the market will cling to that as a reason to stay the short-term rally and looking to sell stocks and short stocks into that rally. so i'm not really interested in buying some stocks right at this moment to tell you the truth. >> that's interesting. i just want to try to summarize for our general interest >> right. but you say it's not going to last. the underlying economic situation is bad, down we go on the stock market at some point, fairly soon. is that accurate? >> yeah, yeah, and i
ABC
Dec 31, 2012 4:00am PST
two. >>> negotiators in washington working overnight to avoid the fiscal cliff. both sides still appear to be far apart. >>> a tour bus crash in eastern oregon has killed nine people and injured more than 20 others. the bus slid off an icy highway and tumbled down a steep embankment. >>> rain and mountain snow in the pacific northwest. thunderstorms from san antonio to memphis. the coldest air in the season in to memphis. the coldest air in the season in the midwest and northern captioned by closed captioning services, inc. >>> good monday morning. it is the last day of 2012. i'm kristen sze. >>> and i'm katie marzullo in for eric thomas. we'll start with mike for a look at this 2012 forecast. >>> we are ending it on a dry note. good morning. live doppler picking up a lot of dry air, a few high clouds beautiful ring around the moon. unlike the past couple of mornings that doesn't mean rain just moisture. we have frost developing inland, 33 concord and live more, mid 30s redwood city, mountain view down to san jose, santa rosa, 4 4s and oakland. today mostly sunny, near 50 at the
FOX
Dec 31, 2012 2:00am PST
over the fiscal cliff and now we are in the midst of a lot of last-ditch bargaining between the senate leaders, reid and mcconnell, what are the chances for a small deal in the next, less than 48 hours to avoid the cliff. >> exceedingly good. i think people don't want to go over the cliff, if we can avoid it. i think, whatever we accomplish, political victory to the president, hats off to him, he stood his ground and will get tax increases, maybe not 250 but upper income americans and the sad news is we have accomplished little, in terms of not becoming greece, that bill will not affect the debt situation and it will be a a political victory for the president and i hope we have courage of our convictions, when it comes to raise the debt ceiling to fight what we believe as republicans. hats off to the president, he won. >> chris: quick follow-up, before we turn to senator feinstein, you said you don't think your conservative colleagues in the senate will filibuster or set up a procedural roadblock, they'll vote to avoid going over the cliff. >> if mcconnell can't get 60% of us to vote for the deal it will be hard for boehner to get through the house and i will want to v
CNN
Dec 30, 2012 7:00pm PST
hospital right now with a blood clot. we've been talking about the fiscal cliff, as you heard, brian lizza say, there's no agreement yet, and not a lot of time left. the latest on both next. it's got live tiles so all my stuff's always right there in real-time. it's like the ultimate personal assistant. but i'm me, and me needs handlers. so i hired todd to handle it for me. todd, gimme that hollywood news! what's happening on twitter? you're trending! yes! you can't have a todd, but you can have your own personal assistant. i guess you could call it todd. [ male announcer ] the new nokia lumia 920 with live tiles that deliver what you want in real time. only from at&t. rethink possible. she also likes to ride her bike. she knows the potential for making or losing money can pop up anytime. that's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. >>> getting close to the bottom of the hour, we want to get you a look at the headlines right now. hillary clinton has been hospitalized. this after docto
CBS
Dec 31, 2012 5:00am EST
say you have concerns about the impending fiscal cliff. coming up we are going to have a financial planner's idea of what you can do. >>> details on your latest chances to get a rare public display of the emancipation proclamation. >> reporter: next, olga gives us an idea of what you are going to need to wear out tonight to ring in the new year [ mom ] dear chex cereal, i just had to write. you can't imagine how long i've been searching for something like this for my family. i'm amazed you make so many great flavors that are gluten free. my guys are crazy for chocolate chex and honey nut chex. for me, it's cinnamon. it means a lot to be able to give them something that's good for them, that also puts smiles on their faces. 'cause i really love those smiles. we're the harris family. and we love chex. [ male announcer ] love chex? connect with us on facebook. >>> weather first now 5:16. good morning if you are just waking up. it is new year's eve wow this year flew by. hard to believe. if you are beerry-tired, we understand because the redskins won. >>> we are going to keep this for the long-term. overall today starting out to be pretty good. little bit of cloud cover back at this hour. cloud cover going to build in even more so. let's l
CNN
Dec 31, 2012 1:00pm PST
, the u.s. is, is going over that so-called fiscal cliff. we'll see what happens over the next few hours. tom foreman, thank you. much more on the fiscal cliff coming up. >>> there are serious ramifications for almost every american involved in this negotiati negotiation. we'll update when when we come back. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >>> okay, we've got the breaking news we're following here in washington. we've been thinking about it. we've been talking about it for a long time. guess what, the united states is now going over the so-called fiscal cliff. that'
CBS
Dec 31, 2012 6:00am EST
are sick of hearing it but over the next few days the words fiscal cliff, you are not going to be able to avoid them. whether or not you think congress can pull off some sort of a compromise, one thing you need to be prepared for. for many of you, your paycheck will go down in the new year and here's why. the payroll tax was cut by 2 percentage points over the last two years. experts are saying that tax holiday is coming to an end. the center on policy and budget priorities says it is about $100 billion. goldman sachs says ending the tax holiday would shave percentage points off economic growth next year, not predicted that strong anyway. let's say you make $50,000 a year. that works out to be $20 a week. if you add it up, it comes out to be a thousand dollars less that you are taking home in 2013. >> and that is just the beginning. >> that is not even the tax increases we are looking at. this is just what is taken out of your paycheck. >> we are going to keep looking for it and have the answers for you, coming up >>> rg iii and the redskins are nfc east champs, heading to the pla
FOX News
Dec 31, 2012 3:00pm PST
nanogram to reach impairment. william la jeunesse, fox news. >> bret: update on how the fiscal cliff affects wall street or could affect wall street, as we near the 11th hour. france tried to put a heavy tax burden on millionaires. the result, find out next. >> bret: no grapevine. top story, fiscal cliff is going over it. the senate majority leader, not moved the bill to the senate floor yet. the house would only deal with whatever passed the senate. if it passed the senate at all. all indications are the house will not vote on any fiscal cliff legislation tonight. here is how the potential deal stacks up. they will be taxed at 39.6%. up from 35%. tax on capital gain and individuals for $400,000 for individuals would increase to 20%. from 15%. the alternative minimum tax is permanently indexed to inflation. it has been annual patch. that would be permanent. the plan extent the child tax red earned income tax credit. up to $2,500 tax credit for collision tuition. unemployment benefit are extented for one year. same for the medicare doc fix and the social security payroll tax cut. reverse to rate of 6.2%. those are the deals as they stand right now. although things are developing and they could change. those looking to europe for inspir ration and
MSNBC
Dec 31, 2012 1:00pm PST
. happy new year. >> reporter: and to you. >> thanks for watching. more live coverage on the fiscal cliff crisis is coming up next.
FOX Business
Dec 31, 2012 4:00pm EST
running out to make some kind of deal to avoid the fiscal cliff. it now looks like no votes today. coming up next, former chairman of the white house economic advisers, ed lazear, and why tax hikes are not the answer. liz: the stakes are high. wilbur ross says we could fall into another recession if a deal can't be reached, but guess what? he's investing nevertheless. he's and comparing us to greece, but either way we'll find out what he's buying. he's joining us live later this hour on the phone. you don't want to miss it. ♪ david: let's get down to basics here. is there any notion of reality still working inside the beltway at all? yesterday the president said the following in terms of what he is doing cutting spending. take a listen. >> if you look at my track record over the last two years, i cut spending by over a trillion dollars in 2011. i campaigned on the promise of being willing to reduce the deficit in the a serious way, in a balanced approach of spending cuts and tax increases over on the wealthy while keeping middle taxes low. david: okay. i don't know if this is fantasy, a wish-list or wh
ABC
Dec 31, 2012 12:00pm EST
year. we have options if we go over the fiscal cliff. >> mitch mcconnell and senate democrats hit a stalemate on the weekend and he met twice today with the vice-president. >> i am willing to get this done, but i need a dance partner. >> the deal is tenuous and needs to get through a republican- controlled house as a countdown of a different kind chris closer, that is set to trigger a broad tax increases and drastic cuts. our top priority has to be to make sure taxes on middle-class families don't go up. that would hurt our economy badly. >> this afternoon it appears we are very close to a deal. if not, an average american family will start the new year with a $3,400 tax hike. here's hoping there's a reason to raise your glass in a post tonight and a sigh of relief. john gonzalez, abc 7 news. >> you can get the latest on efforts to reach a fiscal cliff steel throughout the day. wjla.com. we will have full coverage at 5:00. happening right now, developing news out of new york. secretary of state hillary clinton is in the hospital this afternoon. she is big news for blood clots. t-fal
CNN
Dec 30, 2012 10:00pm PST
knows he's an animal, too big to eat. plus, he works with animal education all the time. >> how much does this come down to trust? >> trust -- as far as trust, this guy here has to know what his animals are. >> can you ever trust these wild animals? >> not necessarily trust. >> or they will do what comes naturally? >> they come -- >> jesus. never have i wanted to end the show more than i do right now. you know what, jack? >> we may never be back. >> it's been an experience. >> i'll shake your hand. >> it's been fascinating. thanks to jack hanna. and the columbus zoo. tune in for jack hanna's wild countdown. that is all for us tonight. i'm going to have a cold shower. good evening. >>> hello, everyone, i'm don lemon, thanks for joining us. we are watching two major stories affecting your world tonight. one the health of the u.s. secretary of state. hillary clinton is in the hospital right now with a blood clot. stay right there. full details on her condition and prognosis. also tonight, say the words with me here, fiscal cliff. no vote yet, no agreement yet. and not a lot of time left. can you say one more day? we're going to start with the secretary of state, hillary clinton, hospitalized with a blood clot. it was discovered today during a follow-up exam. doctors say it is related to a concussion she suffered earlier this month. you'll recall the former first lady was suffering from a stomach virus when she fainted. we want to bring in dr. sanjay gupta now. she was just cleared to return to wk this week, and now this. >> you know, there's a couple things that are very important. first of all, it sounds like, and admittedly the details are a little bit vague. but it sounds like she went in for a routine exam, they found a clot, a blood clot, they did not specify where this clot of the located. she's hospitalized on blood thinners, anti-coagulants. these are important points. from a medical perspective, first of all, finding this on a routine exam means that she didn't go in for some particular new problem or concern. and the fact that she's on blood thinners, specifically from this -- for this, really suggests to me, this is not a blood clot that's located in the brian, but rather somewhere else in the body. probably the legs, for example, and that's something you would typically use anti-coagulants for. i think what was tough to decipher was that they said this was related to the concussion, but not so much as a result of the head injury itself. but maybe because she had to take rest, be in bed or not doing much. and that could put someone at increased risk for a blood clot or deep vain -- deep veenous thrombosis in the leg. that typically comes about from inactivity. >> and she was told to decrease her activity because of the concussion. dr. gupta, the question is, for going into a doctor, though, for a routine checkup on a sunday, wouldn't -- wouldn't you think she had to be symptomatic or something to go to the hospital or have a checkup on a sunday? >> i do. i think that's a good point, don. i mean obviously when you're secretary of state, and when you're hillary clinton, frankly, and as you know, don, someone who i know well, i worked for her in the past, but maybe she had some leg pain, maybe there was something that was bothering her a little bit. >> i think the threshold is maybe a little bit lower in terms of getting checked out. in this case what would happen is, if someone had leg pain or felt a knot or a clot in the leg somehow, they would do an ultrasound which is a noninvasive test. you do an ultrasound of the leg and look to see if there's a clot there. if there's a clot there, in and of it -- or she could have had leg swelling, for example, if there's a clot. that in and of itself is not a problem. but you worry that it could break free and possibly cause what is known as a pulmonary embolism, it would break free and go to the lung and cause a problem. that's why the blood thinners are used, to try to thin out the blood, break up the clot and prevent that from happening. we're all speculating here a bit, in part because the secretary's office has been a little bit vague in terms of describing what's going on. but that is the most likely scenario. >> dr. sanjay gupta, thank you. >> i've got lisa lavette on the phone with me. she's our foreign affairs reporter. you travelled with the secretary of state, you watch her work, you see the pace she keeps. this is a tireless woman, not used to slowing down. >> definitely not. this is a woman who we can't even keep up with her, the pace that she goes, especially on the road, also here in road, also here in washington, really relentless. there's not someone who just lies and meets in a foreign ministry with a leader or president and has a dinner. this is someone who's constantly going on the road, meeting with civil society groups, meeting with opposition groups. having down halls -- town halls. someone who really doesn't slow down, and i think, don, she got this flu, this stomach virus during her last trick, and then it had a cumulative effect from there. she was ill, she was dehydrated, she fainted. she had a concussion, and now we see that she has this blood clot. we were researching a little bit, we did see that in 1998 during the midterm election, she also was treated for a blood clot and was on blood thinners and also was kind of also at the time, keeping this hectic pace. so it does seem she has a history with these type of clots, but it is i think over the last few months, she's really been tired. she even said in a recent interview with barbara walters. she said, barbara, i'm really tired. i think that just the last few months have really taken a toll on her, don. >> elise, with this job we fly a lot. i usually fly domestically it can take a toll on you, but when you're flying internationally, even though she has a staff and what have you, you're still up and down in the air and in and out of different hotel rooms and the plane air, what have you. did you notice anything recently besides her saying, i'm tired? >> i think a lot of people have said, you know, when they know you're covering hillary clinton, they'll say to you, she looks tired. i think just the pace of the last four months, you know, everyone's been wondering, is she going to run for president in 2016? and when you ask her whether she's going to, she says -- a lot of people don't necessarily believe her. she says no, i think one of the things is, even if she believes it right now, i think a lot of people think she just needs some rest, she needs to slow down, and there have been people that have been worried about the pace that she's taking. because this is not someone who's saying no, i can't do that. this is someone to her staff is saying, come on, we can fit one more thing in, one more meeting, one more country in. sometimes i travelled to three countries in a day with secretary clinton, i think one of the last few weeks as she's been suffering from this horrible flu and concussion has been making sure her doctors -- making sure that she's not working too hard, she's been working a little bit from home, but they needed to make sure that she wasn't overtaxing herself. >> and elise. >> that she was wasn't doing anything strenuous, she was resting her brain. when you have a concussion, it's not just a bump on the head, this is a brain injury. they wanted to make sure she was resting. >> and doctors told her to take a rest. and now from this checkup, they've discovered this clot. elise labott, thank you. >>> no deal out of capitol hill. the deadline, midnight tomorrow, will we have a deal by then? 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[ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. >>> this hour's top story, breaking news tonight, hillary clinton will spend new year's eve in a new york city hospital with a blood clot. doctors admitted the secretary of state today after a medical exam. the clot is related to the concussion she suffered earlier this month. she fainted from the effects of a stomach virus. doctors want to keep a close eye on her for the next 48 hours. >>> no vote tonight as negotiations on capitol hill stall in the final hours to avert falling over the fiscal cliff. senate leaders need to put something together to avoid tax increases for just about everyone and big spending cuts. senator claire mccaskill says a make or break deal comes down to a few lawmakers on the topic of raising taxes for the wealthy. >> it remains to be seen whether the republicans being driven by a very extreme group of house members will allow our economy to hurt because of their sdrir to protect moulty millionaires in this country. that's what it's going to boil down to. republican representative tom cole says he's confident that boehner can get the votes he needs. >> on the speaker's plan, he had over 200 republican votes, it's not as if he doesn't have an awfully strong hand to play. if it's a deal that john boehner can accept, it will be passed in a bipt manner with a very strong majority. if on the other hand he's neutral and not favorable, his chances will be a lot slimmer. >> lisa desjardins following the news on capitol hill. do you have any good news for us, lisa? >> reporter: the news is a little better than it was earlier today. negotiations are still happening. there was a point today where we thought there was a total breakdown. tonight it's between mcconnell from the senate and vice president joe biden. some of the last people in the building, i know, come on through, guys, if you want. there's one of the crews that -- the worker crews are starting to come into work tonight. we're the last reporting crew. all the members of congress have pretty much gone. hey, guys. the republicans in the house were meeting late tonight to try to talk about what to do, in the end this is what our producer deirdre walsh heard from them. the message is just sit tight, stay tuned and i think what we have to do, don, is find out tomorrow morning, whether there is any progress between senator mcconnell and vice president joe biden. there is definitely hope. there is not a lot of time. >> let me tell you this, lisa. when you see the workers there, and the crew that -- and those are the people who these negotiations are about. every day americans who work these types of jobs, who are every day americans and so there you go. i think that is absolutely tells the story. >> reporter: don, i want to -- >> go ahead. >> reporter: i wanted to sneak in one thing we found that hasn't been reported tonight. also on the table during negotiations, have been capital gains taxes. those are investments that affect capital gains. that came up with mitt romney. a lot of his taxes came from capital gains. republicans and democrats told us there's a discussion of adding a new capital gains rate for the wealthy. that's a big deal, that's something republicans have never talked about before in the past. but it's something that has been on the table during these negotiations. i was able to find that out today. we don't know if that will be in the final deal, there's something to watch for, there's a lot more on the table than people realize. >> thank you very much. appreciate it. >> you got it. >>> hillary clinton is in the hospital tonight. the concern, a blood clot that's developed. we'll have the latest next. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. 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[ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. >>> we're following breaking news tonight. it's a medical condition of secretary of state hillary clinton. hillary clinton is in a new york city hospital where she will remain for the next few days. doctors found a blood clot during a medical exam related to her concussion a few weeks ago. they want to keep her at new york presbyterian hospital for observations. >>> 26 hours before the fiscal cliff deadline and for now, lawmakers have hit an impasse. what happens if no deal is reached? specifically, how much would you pay in taxes? there's a calculator online to help you figure that out. we have a breakdown. >> if you want to have a sense of how the fiscal cliff could askts -- ask -- affect you specifically, in terms of how much more you would pay in taxes, let's take a look at this great tool right here, from the tax policy center, it's called the tax calculator. it allows you to plug in all sorts of information about yourself and family to find out how your taxes would change based on all sorts of factors. it is an estimate, we can't predict the future. there are some really good ways to find out how the fiscal cliff would hit you at home. we've taken a couple generic examples, we can't to show you those right here. if you look at a married couple with one child in college. if this couple has an income around $39,000 tax bill goes up $2,700. look at that right there. that's a big chunk of money out of that income. if they're making about $84,000. they'll be paying another $3,000 in taxes. and if this couple has high income, more than $137,000 they're looking at another $8,000 in taxes. they're just one set of generic examples there. there are all sorts of things along the way you can look at. depends what the deductions would be. if you're looking at a single person with no children, all right? income of about $46,000 that person will pay about another $1,300 in taxes. if that person has high income, about $158,000. $5,700 more in taxes. how will it work out for you? this is what you do. you go to this website, you give it all the information you can come up with, and it will crunch the numbers for you. to make it easy to find i put it up on facebook and twitter i'm @joshlevscnn. after you use that to inform your opinion, let us know what you think. send us a message on facebook or twitter, we'll share some of your messages here. >>> next we're going to go live to washington. is congress going to let this happen? are they really? next. ♪ ♪ ♪ ♪ [ crowd cheering ] [ man ] touchdown confirmed. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ [ mouse clicks ] you can stay in and like something ♪ or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on offering some of our best values of the year. this is the pursuit of perfection. >>> if we go over the fiscal cliff tomorrow night, congress could still pass a bill in a few weeks to prevent scheduled tax increases with minimal damage. there's no guarantee they'll be able to come to an agreement quickly. ryan, it's good to see you at night. >> good to see you. >> thanks for having me. >> enjoying the evening. you know, this uncertainty that americans are living with right now, do you think a deal, reached by tomorrow? >> you know, i don't know. it's -- right now, as cnn's been reporting, it's up to mitch mcconnell and joe biden. those apparently are the two men where the entire negotiations have moved to. senator harry reid left the senate and told reporters tonight if you want to know if there's a deal, talk to biden and mcconnell. so it's in their hands. they have a history of reaching agreements, in the white house, biden is known as the mcconnell whisperer, and he got that reputation a couple years ago, when he was able to forge a budget agreement in 2010. maybe -- maybe there will be a breakthrough, but there are a lot of liberals and a lot of conservatives who will argue that no deal is better than a bad deal that's rushed through tomorrow at the last second. that's another dynamic to keep in mind. >> when you said they have a history of making deals together -- >> well, one -- >> on which issues do you think the two sides may end up compromising? >> well, the level at which taxes will rise above where they are right now, so obama's insistence has been, if you make over $250,000 a year, on the income over 250 you pay a little more in the new rates he's proposing. now, he's been willing -- it's been reported that he's gone as high as 400,000 in the negotiations with boehner. so that's a place for agreement. the other place is the estate tax. the estate tax is scheduled to rise by quite a bit at the stroke of midnight tomorrow night. republicans want to keep it low, democrats want it to go up a little bit. there's room for compromise there. and so, you know, it's not just marginal rates that are going up, there's a series of taxes that they're going to change. the thing that could not be settled today was this change cpi. essentially a benefit cut for social security recipients. that led to a breakdown in negotiations today, because republicans wanted those benefit cuts to social security. and democrats said no way. and that was the sticking point and that's when this thing moved from the senate over to biden and mcconnell where it is and will be overnight. we're not going to know until tomorrow morning if they come up with something. >> yes, and the senate went home, obviously. here's my question. i know we're americans, we're very myopic, we like to think everything is just about us here. this isn't just about americans, it's how about we look around the world. how other people perceive us. is this making us look bad beyond america? >> our political system is not working, don. that's the bottom line, whether you think we can afford to go over the fiscal cliff tomorrow night and repair the damage a few weeks later which is an option. whether you believe that or not, this thing has been out there. we've known about this for hundreds of days. we had an election where this was the front and center issue in our presidential election. and yet still we can't solve this issue. so remember when moodies downgraded us? they downgraded us, because they said our political system wasn't working and they didn't trust folks in washington to fix the economy. that's another -- this is another example of that, and i think people around the world look at it, and they just shake their heads and they don't understand why politics in washington is not working. we can go into the reasons and who's to blame for that, that's what we're left with as we face this deadline tomorrow night? >> we're all to blame, because we all put up with this every single time. thank you, thank you, ryan. >> good to see you. >>> we're watching two major stories for you tonight. one the health of the secretary of state hillary clinton. she's in the hospital right now with a blood clot. we've been talking about the fiscal cliff, as you heard, brian lizza say, there's no agreement yet, and not a lot of time left. the latest on both next. [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. >>> getting close to the bottom of the hour, we want to get you a look at the headlines right now. hillary clinton has been hospitalized. this after doctors discovered a blood clot. the former first lady had been cleared to go back to work when doctors made the discovery. she suffered a concussion after fainting a couple weeks ago. she had a nasty stomach virus and collapsed from dehydration. we have a live report coming up in a couple minutes. >>> the other big story is the action or inaction on capitol hill. if lawmakers do not reach a fiscal cliff agreement, you could see your taxes sky rocket and deep spending cuts kick in. major sticking points, spending cuts, entitlements and tax increases. house republicans have ended their meetings for the night. we'll find out tomorrow whether they've made any progress in their talks. any deal would have to get enough votes to pass the senate and the house. president obama says sandy hook school shooting was the worst day of his presidency. americans will have to explore their own feelings when his gun law reform proposals come out next year. >> the question then becomes, whether we are actually shook up enough by what happened here, that it does not just become another one of these routine episodes where it gets a lot of attention for a couple weeks and then it drifts away. it certainly won't feel like that to me. >> the president says the law he's pushing will address assault style rifles, high capacity magazines and background checks. >>> the fiscal cliff, it's not the only deadline pressing on congress. a five-year farm subsidies bill that expired in september was never renewed. house and senate members did come up with a short term extension to prevent prices from -- some food prices from going through the roof in january. >>> a bus crashed today in oregon killing nine people. it happened on this icy stretch of interstate. the bus skidded on the ice, left the road and tumbled 100 feet down the embankment. at least 26 others were injured. [ bagpipes ] >>> thousands of first responders came to honor one of their own today in webster, new york. todd loskano was one of two firefighters killed in an ambush on christmas eve. it's believed an ex-convict set houses on fire, and killed two firemen and wounded three others as they responded to the call. >>> we're working with our sources at the state department and in new york tonight learning what we can about hillary clinton's medical situation. we found out a couple hours ago that the secretary of state was admitted to the hospital with a blood clot. elise labett is on the phone with an update. >> john, she was admitted to the hospital today after doctors found this blood clot. secretary clinton has been out for the last few weeks, suffering for a stomach virus, it cascaded from there, she fainted out of dehydration, suffered a concussion, and has been resting for the last few weeks under a doctor's care. our understanding is that during a routine physical exam, getting the all-clear to go back to work this week, they did find a blood clot. we understand that secretary clinton does have a history of such blood clots in her legs. she was treated for one in 2008 during the midterm election. she was put on blood thinners there. we haven't heard that much from the secretary's office but we understand that they have a handle on it, and they think she's going to be just fine. >> think she's going to be just fine. obviously she will have to -- she'll have to have a reduced or minimized schedule because of that? >> well, obviously, don. and the last few years secretary clinton always has been someone that keeps a frantic pace even when she was first lady, when she was senator. the last few years, she's really been going at a frantic pace. they call her the everready bunny sometimes. the journalists that travel with her can't even keep up with her, she's always got some other group to visit. some other place to go, some other event and sometimes we could travel to three countries in a day. i mean, this is someone who really puts the pedal to the metal. she was looking to spend up until the very last day to be in the job until the very last day. obviously this is a major set back for her. because she was looking to come back to work, she was looking to testify on the incident in benghazi which killed ambassador stevens and three other americans. there was a blistering report earlier this month that found lack of -- very poor security provided by the state department. and a lot of people have been looking for secretary clinton to testify. >> can we talk a little bit more about that? there had been some criticism. there were some who believe the secretary of state was not as sick as she said she was, and that she was trying to avoid testifying about benghazi. >> that's right, she was scheduled to testify, she was scheduled to come back to work and testify. and it turns out her deputies testified in her stead. and there were a lot of people, a lot of commentators who thought -- and were accusing her of faking it. there were some senators and congressmen on capitol hill that said they know she's sick, but she still needs to testify, and they didn't think the issue would be closed on until that was settled, until she spoke before congress. and i think that was heavy on her mind. there's been a lot of talk about secretary clinton, whether she would run for president in 2016. she says she won't. a lot of people don't believe her. but i think if she does end up wanting to run, she said now she won't, but if she reconsiders, if she gets some rest, i think this is something that she really wanted to hear -- have congress hear her word on, put this behind her, and then she can put back the rest of her life, don. and i think that people accuse her of faking it are kind of reconsidering that right now. >> there are still conspiracy theorists out there, i've seen it tonight, even saying, i think it could be. you know how that goes, elise. thank you very much. >>> our other big story of the night, no deal in washington, can they do it in 24 hours what they haven't been able to do until now? next. it's got live tiles so all my stuff's always right there in real-time. it's like the ultimate personal assistant. but i'm me, and me needs handlers. so i hired todd to handle it for me. todd, gimme that hollywood news! what's happening on twitter? you're trending! yes! you can't have a todd, but you can have your own personal assistant. i guess you could call it todd. 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[ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. >>> this whole fiscal cliff mess shows how incredibly out of touch you are with the way people really live in this country. you are off in lala land, and everyone's saying how you're acting like a bunch of spoiled brats who are more interested in being right than in doing the right thing and actually representing the people who elected you. >> aren't most folks that way, though? either way the folks on capitol hill have called it a day and gone home. they reconvene tomorrow morning, democrats and republicans are so far apart. on their demands to prevent a fiscal cliff that will take a lot of negotiating to reach a deal. >> the american people know what's at stake here, we have a tenuous recovery, we have more people going back to work now, businesses are a little more confident. but this is really important, this fiscal cliff is an important element in economic recovery, i hope we get it done. >> across the aisle. republican congressman, tom cole says a deal, any deal will be hard to get done. >> there's not enough revenue in this package to fix the fiscal problems for the country. we're going to be in hand to hand warfare beginning in january with the continuing resolution the debt ceiling to try to deal with spending issues. >> continued uncertainty about tax and spending policies in 2013 could result in another recession. frustration seems to be the operative word tonight. if no fiscal cliff deal is reached, most everyone's taxes will go up tuesday with deep spending cuts kicking in. earlier i spoke with a democratic and republican strategist. they seemed to echo the sentiment of the voters. >> this is like, when you at the beginning of the year and you're in school at the beginning of the year, you get assigned a big project and you leave it until the last night. when i used to do that, my parents used to punish me. if kids were behaving the way these congress people are, they would be in the time out. if it was the private sector, they'd all be fired. there's no excuse. the only solution lies with us, the american people, and with us the voters demanding that they start working together and actually coming up with something. we cannot continue having these spectacles every few months. it's like making sausage. >> can we talk about the optics of this? there are many saying this is a republican and democratic problem, we're here because republicans won't play ball. >> it's easy for me to say that, i do think that politically, the republicans will suffer more if this doesn't get done, i mean, the republicans lost the election, a big reason was because the middle class americans and normal everyday people didn't think this was a party that understood what they were going through, if they are now seen as being the ones that are making taxes go up on everybody, that's not going to be good for them. at the end of the day, this isn't good for democrats either. i don't think democrats or republicans wants us to go over the cliff. because while again republicans will be blamed more, democrats aren't going to come out smelling very nice on this either, abuse everybody -- everybody, don, you, ali, ana, me, are frustrated that we're waiting to the 11th hour to get this done. >>> the clock is ticking toward the showdown on the fiscal cliff. one of the big questions is, what will happen next? editor at large for fortune magazine, he joins us from new york right now. you have followed most of the major economic stories for more than 20 years now. >> i'm not trying to make you seem old. sometimes i do, when i say how long i've been doing this. is this the first time you've seen something go this close to the wire? >> i think so, don. and what's really troubling about the debate is really missed by a lot of commentators, this is really a spending issue. we understand that even if taxes go up on individuals making over 200,000 and families making over 250, it only plugs about 8% of the deficit problem over the next ten years, we have a $1.3 trillion deficit for 2012. it's going to be about a trillion through 2013. we're borrowing 35 cents on the dollar. the enormous problem is interest rates are way below normal, so when they spike, the government is borrowing very short term to keep its costs down. the deficit is going to swamp the economy. and at that point you're going to have the debt crisis, and you're going to need a whole new stream of revenues. the only thing that paul krugman and paul ryan agree on, only a value added tax will solve this problem. there's no way enough revenue can be raised by raising marginal tax rates to get us out of this potential crisis. so we need very, very steep spending cuts, all of the emphasis and debate has been over marginal tax rates which are really a minor part of the solution, no matter what political strife you happen to be. you have to realize that tremendous spending cuts are necessary. and already any changes to social security have been ruled out in the short-term solution. and it's going to be very difficult. the congressmen from oklahoma was correct. that it's going to be hand to hand combat in the next session in order to get any kind of cuts. no one is talking about major cuts. except some of the republican side. >> i hear what you're saying, it sounds like, you know, i've read that this fiscal cliff thing is too much austerity so quickly. at one point. so what is the worst case scenario at this point? >> well, austerity works both ways. austerity for the public sector is stimulus for the private sector. it's the same money, you're just shifting it from one pocket to another. spending cuts would be very reassuring to the markets. you're hearing that if government spending is cut, that money disappears from the economy. that's not correct. that money has to be cycled into the private sector. that's a good thing. so austerity in terms of shrinking the size of government, or the growth of government would be very healthy for the economy. austerity in europe is something elsewhere because of the euro situation you have to cut people's wages to make those countries competitive again. that's a completely different issue, austerity in terms of reversing the tremendous increase we've had in government spending over the last four years, we've gone from 2.9 trillion to 3.8 trillion in 30-odd percent increase in four years. and there's no trend or motivation so far to reverse that or normalize that. so again, austerity for the public sector is stimulus for the private sector. >> all right. thank you very much, sean. happy new year to you as well. >> you too, don. >>> a mom and her kids reunited after they had been missing for nearly a week, thanks to a cnn viewer. thanks to you. hear their story next. him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. britta olsen is my patient. i spend long hours with her checking her heart rate, administering her medication, and just making her comfortable. one night britta told me about a tradition in denmark, "when a person dies," she said, "someone must open the window so the soul can depart." i smiled and squeezed her hand. "not tonight, britta. not tonight." [ female announcer ] to nurses everywhere, thank you, from johnson & johnson. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. >>> it unfolded right here on cnn. theresa nash came on tv to make a plea to find her two young boys. a nationwide search was underway to locate ben and henry, they were on a holiday trip with their father in tennessee, they were supposed to return to georgia on december 24th, they never came back. during our live interview last night, theresa made a desperate plea for help in finding her sons. minutes after that interview, the boys called their mother, told her they were safe and that they were in austin, texas. police there tell cnn that someone at a hotel recognized the boy from the amber alert and our program and contacted police. theresa jumped on a plane to texas and was reunited with her sons just hours later. theresa and her sons have returned and they came here to our couch to share their story. she has not told them everything. but here's how our conversation went. >> tell us what happened at the hotel. >> we tried calling her, but it went to -- it seemed like her phone was shut off. and there was no -- it didn't turn -- it didn't answer. >> right. >> and then the man came in and said what? >> i forget. what man? >> the man came in and said, we've been looking for you everywhere? >> yeah. >> what happened? >> he said, we've been looking for you everywhere, and he showed us how much my mom loved us. he put on -- he got his phone out and showed us on the internet. >> and then you called your mom? >> yeah. we called our mom. >> who spoke first? >> me. >> what did you say? >> i forgot. >> you said yeah. >> did you miss mommy all that time? >> very much. >> we didn't know. we had no idea, we didn't know. so we were kind of worried about you. did you know that? >> no. >> no? now you do? >> yeah, now we do. >> do you feel bad that you worried us? >> kind of. >> oh, come on, i'm kidding with you. i'm kidding with you. >>, mommy, how do you feel? >> more grateful than i ever thought possible. grateful to everybody, grateful to you. it was this show the gentleman had just seen on my way home yesterday from taping. i got a call, and i'm answering every call and it was a gentleman, hello, my name is -- i don't know what his name is, but the fbi is going to let me know -- i'm sitting with your sons and they would like to talk to you. >> and? >> i said oh, my god, no, no, no, no, no. because i was so afraid it wasn't true. but all of a sudden henry was on the phone and he said, mommy. and i said yes, and he said yeah! right? yep, yep. >> best sound you ever heard. >> oh, my goodness. >> what are you sharing with the boys, just that they couldn't get the reception? >> yes, absolutely. and everybody in this country has been looking for them. the people on all of the media has been helping and the fbi and every police officer in this country has been looking. people have been so thankful, we bumped into strangers all day in the airport. and the security officer and the ticket checker person, and they keep running up to the car and hugging us. everywhere, they just recognize us immediately. and the boys didn't know that. and they're so shocked. they think they're little bit movie stars. i told them they get one week and then life goes back to normal. one week and i go back to shouting orders and not putting up with any junk. >> you can imagine there are many families that go through this, and it's not always a positive or happy outcome. >> yes. >> what do you say to those families? >> oh, my goodness. well, i was right there with you. and it is by the grace of god and all the people in this country and all the angels in heaven and all the people praying and the fbi and roswell police department and dan's family who were a critical part of this relief effort. everybody pulled together. the delta folks, you all, the media has been our angels and we have all your names and huge boxes of thank you cards and we're going to start that pretty quick. >> you are in such a different place than you were when you came here yesterday. you could feel it, you were in pain. and now, your light and the world is open up to you again. >> it's all at peace. and we will be eternally grateful every minute of our lives for the rest of our life. >> all right, guys, all those people were wondering, where you are, they were worried about you, tell them, we're okay. >> we're okay. >> thank you. >> thank you. >> thank you so much. >> thank you for praying. >> thank you for praying. >> thank you. >> we'll be right back. 's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are they jimmy? happier than antelope with night-vision goggles. nice! get happy. get geico. fifteen minutes could save you fifteen percent or more. share brotherly love. share one up's. mom ? mom ? the share everything plan. lets your family share a pool of data across 10 devices with unlimited talk and text. now get a lucid by lg, free. i have a cold, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ male announcer ] sorry. alka-seltzer plus fights your worst cold symptoms plus has a fast acting decongestant to relieve your stuffy nose. [ sighs ] thanks! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] to learn more about the cold truth and save $1 visit alka-seltzer on facebook. >>> breaking news tonight, hillary clinton admitted to a new york city hospital. doctors admitted the secretary of state today, after an exam revealed a blood clot. it's believed to be related to the concussion she suffered earlier this month, when she fainted from the effects of a stomach virus. doctors want to keep a close eye on her for the next 48 hours. i spoke with cnn's chief medical correspondent earlier, and i asked him if it was a serious problem. >> the details are a little bit vague, don. but it sounds like she went in for a routine exam, they found a clot, a blood clot. they did not spes where the clot was located. and she's now hospitalized on blood thinners, anti-kogulants as you mentioned. these are all important points. from a medical perspective, first of all, finding this on routine exam means that, you know, she didn't go in for some particular new problem or new concern. and the fact that she's on blood thinners specifically for this, really suggests to me as a neurosurgeon, we see this all the time, this is not a blood clot that's located in the brain but rather somewhere else in the body. probably the legs, for example, a deep veinous thrombosis. and that's something you would typically use anti-coagulants for. what was tough to decipher was that they didn't say whether this was related to the concussion, not so much as a result of the head injury itself. but maybe because she had to take rest, be in bed, or just not doing much. and that could put someone at an increased risk for a blood clot or deep veinous thrombosis in the leg. that comes about for inactivity or decreased activity. >> she was told to decrease her activity because of the concussion. dr. gupta, the question is, for -- going into a doctor, though, for routine checkup on a sunday, wouldn't -- i mean, wouldn't you think she had to be symptomatic or something to go to the hospital or be checked out on a sunday? >> i do. i think it's a good point, don. i mean, obviously when you're secretary of state and you're hillary clinton, frankly. as
NBC
Dec 31, 2012 6:00am EST
on what you were talking about, congress may be having trouble avoiding the fiscal cliff. but they might be able to skirt the dairy cliff. the u.s. farm bill could keep milk prices from surging next year. it would keep a subsidy from coming back to life when the current farm bill expires today. under a 1949 law, the usda would be forced to buy milk at prices well above what farmers are getting now as the subsidies provide. that could push prices up to twice the national average of $3.12 a gallon. meanwhile, several big banks have reportedly close to a $10 billion settlement with the regulators to end the government's efforts to hold them liable nor bad foreclosure practices. "the new york times" reports nearly 40% of the settlement would dw to people who already lost their homes. in february, five banks agreed to a $25 billion settlement. the times says 14 are involved in this round of talks as well. as part of the deal, which could come this week, the banks will have to hire independent consultants to go through those loan records. >> back over to you and happy new year to everybody. >> happy new year to you. hampton pearson, thank you so much. >>> while you are planning your new yea
FOX
Dec 30, 2012 10:00pm PST
it pails in comparison to other concerns. >> it's the uncertainty, fiscal cliff and how things are going to pan out from these next few months moving forward. >> reporter: economic experts agree, in the past they say a looming sales tax hike would have inspired a shopping frenzy but not now. >> today i think it's the opposite. gee we're just in the midst of massive amounts of tax confusion i think this level of uncertainty is going to put some breaks on spending in general. >> i just think you should save money while you can. >> reporter: still some are spending here at the albany target. lawrence williams knew he needed a tv and figured he would save a few extra dollars buying today. >> with the tax hike and what have you, it's going to be even more expensive. so, why not save now. >> one bit of good news for shoppers, the sales tax increase does not apply to your gas. in alameda county, ann rubin, ktvu channel 2 news. >>> new california laws taking effect with the new year include efforts to better protect children. coaches and administrators in schools will be required to report suspected child sexual abuse. and it
CBS
Dec 30, 2012 6:30pm PST
are one day away from americans getting tax hikes from the fiscal cliff. >> reporter: senators arrived at the capitol to continue last- minute negotiations hours before the nation is set to fall off of the cliff. after a day of intense talks, senate majority leader, reid, said there will not be a deal tonight. >> this is still distance between the two sides. negotiations continue. >> reporter: if republicans and democrats can not strike a deal before midnight on monday, taxes will go up for almost every american. automatic spending cuts will kick in and millions will lose unemployment benefits. >> i want everyone to know i want to get it done but i need a dance partner. >> reporter: republicans introduced but with drew the proposal. senators say there is movement as both sides try to compromise about which americans should start paying a higher tax rate. >> this is far too much at stake for political gamesmanship. >> in an unusual move, republicans called on the nation's number 2 democrat, vice president joe biden to help with the negotiation. >> >> they say the biggest thing i
CNBC
Dec 31, 2012 3:00pm EST
tonight 6:00 to 7:00 p.m. live for coverage of the fiscal cliff. myself and a cast of thousands with your latest as we count down toward the end of the year. "closing bell" coming up next. could be a big final hour of trading. bill griffith and an australian woman hosting the next hour. stay tuned anyway. >>> yeah. hang on, kids. here we go. welcome to "closing bell." i'm bill griffith. >> and i'm the australian woman. i'm mandy back at cnbc's world headquarters standing in for maria bartiromo. here we go, folks. stap yourself in. last trading hour for the whole year. the fiscal cliff, there may be a merge. we'll bring more on that. >> take a look at the charts. this tells the story in the last few minutes with mitch mcconnell on the floor saying that we are very, very close. we'll get more details from john harwood in a moment, but right now the markets are voting and they're giving thumbs up with the dow up 138 points. nasdaq up 2% right now. it's been strong all day. now at 3,020. and the s&p up 1.5%. >> look at those stocks go. president obama saying a fiscal cliff agreement is quote, in sight. mitch mcconnell moments ago saying quote, we are very, very close. >> to d.c.
MSNBC
Dec 31, 2012 9:00am PST
middle class family would see its tax rates -- its tax bills rise next year by $2,000. the fiscal cliff isn't the only thing rattling the economy. in just a few weeks lawmakers will begin battling over the debt ceiling. you may recall that in the summer of 2011 the debt limit standoff led to the first ever downgrade of the nation's credit rating. joining us now from capitol hill is cnbc's aman jabbers. appreciate you helping us make sense of all of this. >> happy new year. thank you for having me. >> on a less happy note, there are economists who are saying this whole fight over the fiscal cliff, the rangeling in washington has already caused a hit on the economy. can you explain sort of what the impact of the debate has been. >> you dw definitely seen it. ju as early as friday when we report that the president was not making his new offer with offers down at the white house. we saw the stock market sell off rather dramatically just in those couple of minutes as that news was coming out. i got to say that over the past 24 hours or so the stock market has been relatively calm sort
ABC
Dec 31, 2012 6:00am EST
. it is do or die today. the fiscal cliff deadline is just hours away and no deal. how high will taxes go? >> some homes in the prince william counties area will not be getting a local newspaper anymore. i will have details coming up. >> thank you. 2013 with these live pictures has started in some parts of the world. they are ringing in the new year with the big fireworks display right now in new zealand. beautiful display. good morning, washington. i am scott newman. i's check out our new your forecast. >> it is a pretty decent look at 2012. it 2013 not quite as gray. most of the week should be fine. we have the clouds pushing in from the west. they will slowly increase throughout the day today. i think we will have a lot of filtered sun shine through the morning hours. 21 in manassas. at 24, dulles. 30, d.c. we will warm up throughout the day into the low to mid 40's. right about where we should be for this time of year. more on a wintry mix shortly with the seven-day forecast. let's see how things are moving this morning. a few accidents. >> that right. the major accident is i
CSPAN
Dec 30, 2012 9:30pm EST
hope so. >> next, talking about the fiscal cliff. john thune. >> thank you for the update. midafternoon today, senator john thune spoke with reporters on where things stand on the fiscal cliff. >> where do things stand as far as a republican deal? >> republicans advanced a proposal last night and you heard senator mcconnell talk about it on the floor. we're still waiting for a counteroffer. there was an indication we would receive the by 10:00 this morning, but discussions still continue. senator mcconnell and vice president joe biden are continuing to discuss this and we think there still could be a path forward. democrats have come out and made a huge deal out of changing this and republicans are very concerned that it should not be used as an offset to reduce or replace some of the spending cuts that would occur and democrats put forward an alternative. this is a process. there's a lot of give-and-take going on. republicans do not want to see new revenue, democratic tax increases, being used for new spending. that is where many members are drawing the line. >> you all w
CNN
Dec 31, 2012 2:00am PST
going over the cliff. it's hard to tell. the expectation, even if we go over the fiscal cliff. right now, congress is still looking at trying to resolve this here in the next few days. so it's not as if we go over the cliff and stay there. there would be time to resolve the issue. that being said, we saw a whirlwind of negotiating on capitol hill. and right now, after things sort of didn't work out between mitch mcconnle and harry reid, the top republican and top democrat in the senate, they have shifted between mitch mcconnell and vice president joe biden. that's where all of the action is right now. keeping the speaker of the house john boehner abreast of what's going on. keeping harry reid abreast of what's going on and keeping president obama abreast of what's going on. we heard from senator reid yesterday that they are very far apart. not just talking on the threshold, initially president obama said $250 mi,000. there is talk to bumping that to $400,000. republicans want to know how we pay for it. there are farm subsidies, the doc fix. and spending cuts. so there is a lot to be resolved here in the next few hours. >> too bad we only found out about this,
CNBC
Dec 31, 2012 9:00am EST
to take a break here. the markets are looking for some direction after fiscal cliff negotiations stall. we get the word from the nyse floor, next on what you should be watching in today's session. later on, the anti-tax man himself is here to tell us about how he feels about the latest developments in the fiscal cliff negotiations. what a wild ride here we've seen all morning long. right now the dow up about 25. >>> welcome back to "squawk on the street." i'm john harwood in washington. i want to bring you up to date on the latest of the talks between vice president biden and mitch mcconnell. there's some concern among democrats who have heard that the income threshold for tax rate increases may be going up to 400, 450, $500,000. a source familiar with the talks just phoned me to say the democrats are only considering that under a couple of conditions. one is that if the threshold goes up to that level, the top income tax rate would go all the way back up to the clinton era rate of 39.6%. not some mid point of 37% talked about a couple of weeks ago. secondly, that it would be accompanied by more revenue from the estate tax than is
FOX News
Dec 31, 2012 8:00am PST
fiscal cliff mess. as we are now just hours away from the big deadline. what it means for your bottom line next this was the hole my waist was on. but since i've been on alli, am i on this one? nope. am i on this one? no, no, no, no, no. i am on this one. [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocng some of the fat you eat. belt-friendly. let's fight fat with alli. learn more, lose more at letsfightfat.com. jon: coming up on a brand new hour of "happening now", it is high noon on the east coast and this is it. 12 hours away now from falling off that fiscal cliff. it would mean tax hikes for nearly every american. why we are now hearing we could be closer to reaching a deal. they don't have much time. we are live in washington. >>> plus disturbing new information on those violent mexican drug cartels. we'll tell you why these cartels are strengthening their grip on the u.s.. >>. >> welcoming the new year from the crossroads of the world. times square where the ball will drop tonight. we'll take you there live for all the preparatio
NBC
Dec 31, 2012 6:30pm EST
they have set up is a series of mini fiscal cliffs, if you will, kate. so every three to six weeks, over the next six months, we could be going through nights like this where we're up against the clock and congress has to act and the president -- they have to figure out how to compromise or watch automatic headaches kick in. >> chuck todd is going -- it's going to be a long night. thanks for being with us on wall street today, this final trading day of the year. investors were hopeful of a deal would be work out by the time the closing bell rang at 4:00. stocks soared to their highest point today. the dow finished 166 points up, the nasdaq 59 points and the s&p 500 was up almost 2400 points on the day. for the year, the dow finished with a 7% gain. the nasdaq was up almost 16% this year and the s&p 500 gained more than 13%, a very strong year for stocks. so let's bring in cnbc's senior economics reporter steve liesman. steve, we just said the market was way up today, they thought we would have a deal. now we're headed over the cliff. this can't be good news for our economy. >> reporter: it definitely
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